Monday, June 3, 2019
OPB Report: Portland Wants to Reduce Income-to-Rent Ratios - Landlords Push Back
At a public hearing last week, landlords pushed back against the City of Portland's proposed mandate that landlords accept renters as qualified if they show 2.5x rent as monthly income. The proposed reduction from the generally accepted income standard of 3x rent was not well received by many housing providers who are concerned the change will lead to more evictions. An eviction record could make it difficult for a tenant to rent in Portland for up to three years. Read more.